MGX 1.67% 29.5¢ mount gibson iron limited

Ann: Settlement of $64.3m Business Interruption Insurance claim, page-14

  1. 129 Posts.
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    97 mill, so to recap they have about 520 mill in the bank (BI included) plus they say 7.5 % more to come ,roughly 5 mill.Grand total 525 mill. The wall rebuild 97 mill, and that going to take 18 months so around 427 mill post wall rebuild . then 12.5 million of high grade io over the next three years !!Even at low prices (who knows where io price will be in 18 months) this company is sitting pretty.
 
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